Re-opening reversal. Some of the largest U.S. states are forced to review their lockdown easing measures, with Apple shutting more stores and McDonald’s postponing in-house dining, as cases spike by around 50,000 in one day. June private payrolls in the U.S. rise less than expected, with layoffs jumping more than 300 per cent for 2020, ahead of the non-farm payrolls data. However, both U.S. and Asian markets are up on hopes of a vaccine breakthrough following cautiously positive human trials by Pfizer and Biontech. In Europe, police in Germany and Austria raid Wirecard offices for alleged fraud with investigations potentially embroiling more senior executives.  

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